Insiders Bullish on Certain Holdings of FDM
ETF Channel Staff - Tuesday, December 21, 10:17 AMA look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (FDM) shows an impressive 12.3% of holdings on a weighted basis have experienced insider buying within the past six months.
Metropolitan Bank Holding Corp (MCB), which makes up 0.78% of the First Trust Dow Jones Select MicroCap Index Fund (FDM), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $1,341,883 worth of MCB, making it the #26 largest holding. The table below details the recent insider buying activity observed at MCB:
MCB — last trade: $91.88 — Recent Insider Buys:
Purchased |
Insider |
Title |
Shares |
Price/Share |
Value |
09/20/2021 |
David J. Gold |
Director |
1,000 |
$75.00 |
$75,000 |
09/20/2021 |
Mark R. Defazio |
President and CEO |
3,333 |
$75.00 |
$249,975 |
And Benchmark Electronics, Inc. (BHE), the #28 largest holding among components of the First Trust Dow Jones Select MicroCap Index Fund (FDM), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $1,330,838 worth of BHE, which represents approximately 0.77% of the ETF's total assets at last check. The recent insider buying activity observed at BHE is detailed in the table below:
BHE — last trade: $24.45 — Recent Insider Buys:
Purchased |
Insider |
Title |
Shares |
Price/Share |
Value |
08/04/2021 |
Roop Kalyan Lakkaraju |
EVP, Chief Financial Officer |
1,900 |
$26.35 |
$50,065 |
08/06/2021 |
Jeff Benck |
President and CEO |
1,900 |
$26.50 |
$50,350 |
08/20/2021 |
Anne De Greef-safft |
Director |
3,884 |
$25.74 |
$99,974 |
11/30/2021 |
Jeff Benck |
President and CEO |
1,500 |
$23.75 |
$35,625 |